it's all very demoralising but I don't think it's limited to STX shareholders alone. Speak to any shareholder of any stock and it's a common tale of woe and misery at present!
It's only when Euro land is staring into the abyss that they will act to solve the problem, much theatre before then! The Germans/French/Finns etc can easily fund the liquidity needs of Euro banks but the pollies must look like they are trying their best to resist bailing out an incompetent Club Med before giving in.
Having said that, a structured default for Greece and Ireland, maybe Portugal is inevitable IMO...
That's my spin!
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